FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) Stock Price Down 0% – What’s Next?

FlexShares STOXX Global Broad Infrastructure Index Fund (NYSEARCA:NFRA) shares dropped 0% during mid-day trading on Monday . The stock traded as low as $61.68 and last traded at $61.84. Approximately 51,110 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 128,593 shares. The stock had previously closed at $61.87.

FlexShares STOXX Global Broad Infrastructure Index Fund Stock Performance

The company has a market cap of $2.96 billion, a PE ratio of 18.12 and a beta of 0.75. The stock’s 50-day simple moving average is $62.79 and its 200 day simple moving average is $61.98.

Institutional Investors Weigh In On FlexShares STOXX Global Broad Infrastructure Index Fund

A number of hedge funds have recently added to or reduced their stakes in NFRA. CoreCap Advisors LLC boosted its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 10.8% in the 3rd quarter. CoreCap Advisors LLC now owns 1,716 shares of the company’s stock valued at $108,000 after purchasing an additional 167 shares in the last quarter. Steph & Co. lifted its holdings in shares of FlexShares STOXX Global Broad Infrastructure Index Fund by 0.7% in the 2nd quarter. Steph & Co. now owns 58,713 shares of the company’s stock valued at $3,633,000 after buying an additional 411 shares during the period. Perkins Coie Trust Co purchased a new stake in shares of FlexShares STOXX Global Broad Infrastructure Index Fund in the third quarter valued at approximately $32,000. JPMorgan Chase & Co. grew its holdings in FlexShares STOXX Global Broad Infrastructure Index Fund by 1,165.2% during the third quarter. JPMorgan Chase & Co. now owns 835 shares of the company’s stock worth $53,000 after acquiring an additional 769 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in FlexShares STOXX Global Broad Infrastructure Index Fund during the second quarter worth $107,000.

FlexShares STOXX Global Broad Infrastructure Index Fund Company Profile

The FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) is an exchange-traded fund that is based on the STOXX Global Broad Infrastructure index, a market-cap-weighted index of global infrastructure companies from developed and emerging markets. NFRA was launched on Oct 8, 2013 and is managed by FlexShares.